Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

The diagram illustrates aggregate demand (AD) and aggregate supply (AS). A shift occurs from AD1 to AD2 and from AS1 to AS2. Consequently, the equilibrium level of national income changes from:

  • AY1 to Y3
  • BY1 to Y4
  • CY2 to Y3
  • DY2 to Y4

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